12/22/2015
CAYMAN ISLANDS: Five foreign attorneys refused admission in AHAB litigation
Application highlights issues in Legal Practitioners Law
Legal
12/22/2015
Volaw chosen to administer Rasmala’s real estate structures
Rasmala is publicly quoted in the UK, authorised and regulated by the UK Financial Conduct Authority.
12/22/2015
Derivative Claims in the Cayman Islands
In this Briefing Note, we aim to provide a brief overview of the principles governing derivative and multiple derivative actions in the Cayman Islands.
12/22/2015
Grand Court Orders the Repayment of Redemption Monies: Preferences and Clawing Back Redemption Payments
Weavering Macro Fixed Income Fund (the Fund) was placed into liquidation in March 2009 after it was revealed that the Fund's main asset, being a basket of interest rate swaps entered into with a related entity, were worthless (the Swaps).
12/22/2015
Trusts Mistake Applications - Mourant Ozannes
On 16 December 2015, the Royal Court of Jersey handed down judgment in the cases of In Re the Matter of the Great Escape Trust and In Re the Matter of the Wentworth Trust.
12/22/2015
TIEA Notices – Where next? - Mourant Ozannes
They also explain why this case is headed for appeal.
12/22/2015
Former Bank of Commerce to make over 18 million dollars payout to former depositors; National Bank pays 6.5 million to shareholders
Between five and six thousand persons are expected to benefit from the payout.
12/21/2015
Time is Marching on for CRS Deadlines
The new regulations take effect on 1 January 2016.
12/21/2015
Court’s winding-up ruling on Hong Kong’s Yung Kee goose restaurant sends signal to offshore companies
Legal experts say court order for restaurant’s parent company based in British Virgin Islands could lead to resolution of more disputes in city
12/21/2015
Bermuda: The New Perpetuities and Accumulations Amendment Act 2015
By Peter A.S. Pearman, Alec R. Anderson, Craig W. MacIntyre
12/21/2015
Mourant Ozannes advises Granite Finance Trustees
The mortgage portfolio was held by the Jersey mortgages trustee and comprised performing and non-performing residential mortgages and unsecured loans from the legacy book of NRAM, the former Northern Rock mortgage business.
12/18/2015
Fifa scandal: Large cash sums frozen by Switzerland
Fifty Swiss bank accounts allegedly linked to world football governing body Fifa have been frozen.
12/17/2015
Hong Kong Court refused to make a grant of administration ad colligenda bona for lack of special circumstances and special justification
The application related to the interests of the deceased in a BVI company called Five Star. Five Star held a substantial number of shares in Paladin, a listed Hong Kong company, which in turn owned a valuable property on the Peak (Peak Property).
12/17/2015
Continued Interest from Family Offices for Fiduciary Services
Richard Fagan, a director in Volaw’s Wealth Structuring Group, looks at the rise in popularity of family offices, and the services that Volaw can provide to them.
12/16/2015
Common Reporting Standards Self-Certification Templates and Participating Jurisdiction list issued in the Cayman Islands
By Gene A. DaCosta, Jonathan R. McLean
12/15/2015
High Court issues worldwide freezing order
The court was also not dissuaded from granting the injunction by the fact that the applicant companies were insolvent and the resulting weakness of their cross-undertakings in damages.
12/15/2015
‘Judicial luminaries’ gather in Cayman to create model law
The draft model law will serve as a benchmark for Commonwealth jurisdictions to compare and improve their own practices.
12/15/2015
International law firm expands London office
She joins the Firm as a Partner with over 18 years of experience, both in onshore and offshore legal settings, having most recently worked as a partner at a prominent offshore law firm.
12/14/2015
Update: Cayman Islands Financial Account Reporting for Investment Funds
On 8 December 2015, the Cayman Islands Government issued an update that contains some important information for the managers, operators and administrators of Cayman Islands investment funds.
12/14/2015
The Common Reporting Standard - Maitland
The Common Reporting Standard (CRS) is the standard for automatic exchange of financial account information developed by the OECD which provides for systematic and periodic automatic exchange of information between participating governments of informati